Show notes:
TMSpotlight:
12.11.23 The World Says "You Spin Me Round"
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If Bonds get to know Joe’s game. Well, then rates will trace Jobs private number, downward.
The world is upset at the US fiscal irresponsibility. Despite its recklessness, the US has relatively low rates, higher indebtedness, and remains THE reserve currency. So, the global resentment of the US, makes sense. They hate being ripped by the Big Guy.
What spins rates out of control excess debt or a significant recession with Jobs losses and real wage decline.
Debt spin us right round, maybe. Rates down, like a record, no way. Right, round up down.
Song: You Spin Me Round (Like a Record) (1984) Dead Or Alive
https://www.youtube.com/watch?v=PGNiXGX2nLU
The Lykken on Lending program will feature our Weekly Mortgage Updates with Adam DeSanctis and his MBA Mortgage Minute, and then Les Parker’s TMSpotlight, a macroeconomic perspective on the economy with a music parody. That leads to Matt Graham of MBS Live providing you a rate & market update, followed by David Kittle, Chief Executive Officer @ Cypress Mortgage Capital, to discuss mortgage originations. Then we have Alice Alvey of Union Home providing a regulatory & legislative update, then Allen Pollack giving us a Tech Report on the latest technology impacting our industry. Finally, we wrap up the first half of the program with Marc Helm, Senior Executive Partner @ Transformational Mortgage Solutions, talking about Loan Servicing and the “Agencies”.